You don’t want to be surprised by a bill because you didn’t know your doctor or hospital wasn’t in your network.
What is an HMO?
HMO is short for Health Maintenance Organization. Here’s the basics of an HMO: you MUST use network providers. This means your doctors, hospitals, and other health care providers must be in your network or you will pay out of pocket for all costs. There is one exception: emergency care. If you have an emergency your HMO plan must cover you at the same cost whether that hospital is in-network or out of your network.
You will also have to choose a Primary Care Physician (PCP), typically all referrals to see a specialist come from your PCP.
OK, there's been some amazingly stupid contracts written over the years including more than a few marriage ones. But among people who really ought to know what they're doing this one from France probably does take the biscuit. It's a hybrid life insurance/savings product and there's nothing very strange or stupid about those. It also allows the policy holder to allocate funds among the various fund flavours offered by the company. Again, nothing very strange or stupid there. However, here's the catch.
General Liability Insurance can cover the expenses related to non-employee injuries that happen at your property, damage you cause to someone's property, and advertising mistakes. In other words, it can cover some of the most common lawsuits that arise from everyday business activities. Some of these include: renting property, working with clients, and interacting with customers.
Why is Workers’ Compensation Important?
According to the Insurance Information Institute, employers have a legal responsibility to their employees to ensure the workplace safe. But, accidents do happen, even when organizations are practicing the right safety procedures and protocols. Your workers’ compensation policy is there to compensate employees injured on the job for any medical care, rehabilitation and lost wages due to the injury. Additionally, workers’ compensation protects your business from lawsuits stemming from workplace accidents.